AbhishekHSinghCMT

PFC- Long term look to buy in the zone 97-105

Long
NSE:PFC   POWER FINANCE CORP
8
Short term one can play going long above 137 where a mini double top is placed, but long term look to buy in the zone 97-103. 103 is an important swing low as PFC had a strong bounce from that low.

Related Analysis Attached below- PFC on monthly chart
Trade active: 13:55 Hrs 25th Dec2016

Last Price@120

If there is a pause in downfall & it starts moving above 120 then going beyond 124-125 -can be looked at short term upside atleast till 130-32 zone with the latest low as stops & above 132 for similar highs of 137.


Trade active: 06:56 Hrs 28th Dec2016

Last Price@117

One can play on long side Intraday if dips below 110 or close to 110 for targets 115-117 & book profits & run away

Best Regards,
Abhishek H. Singh, CMT
​Growth Director - TradingView India

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